Why is Dai-ichi Karkari falling/rising?

As of 23-Sep, Dai-ichi Karkaria Ltd's stock price is currently at Rs 287.00, reflecting an increase of Rs 2.7, or 0.95%. The stock has shown a trend reversal today, gaining after two consecutive days of decline, and opened with a gain of 2.95%. It reached an intraday high of Rs 292.7. Despite a negative return of -1.37% over the past week, the stock has outperformed its sector by 1.51% today. The company has reported positive results for the last three consecutive quarters, with net sales growing by 62.82% and a significant increase in profits, which may have contributed to the recent uptick in stock price. However, it is important to note that the stock has underperformed in the long term, with a -50.49% return over the past year.
In the broader market context, while Dai-ichi Karkaria has seen a short-term gain, its performance over the past week contrasts with the Sensex, which has only declined by 0.34%. The stock's year-to-date performance is notably poor at -27.08%, compared to the Sensex's positive return of 5.07%. This indicates that while there may be short-term positive movements, the overall long-term outlook remains concerning, especially given the company's low growth rates in net sales and operating profit over the last five years. The stock's current trading at a discount compared to its peers may attract some investors, but the significant historical underperformance raises caution among potential buyers.